YOUR GUIDE TO GETTING STARTED - Fidelity Investments · YOUR GUIDE TO GETTING STARTED Comcast...
Transcript of YOUR GUIDE TO GETTING STARTED - Fidelity Investments · YOUR GUIDE TO GETTING STARTED Comcast...
YOUR GUIDE TO GETTING STARTED
Comcast Corporation Retirement-Investment Plan
Invest in your retirement—and yourself—today, with help from
Comcast Corporation Retirement-Investment Plan and Fidelity.
Invest some of what you earn today for what you plan toaccomplish tomorrow.
Dear Comcaster:
It is our pleasure to offer you the opportunity to participate in the Comcast Corporation Retirement-Investment Plan (the ’Comcast Plan’). Your retirement savings plan offers a convenient, tax-deferredway to save for retirement.
As an eligible employee of Comcast Corporation, you will be automatically enrolled in the Plan at acontribution rate of 3% of your pretax eligible earnings.
Benefit from:
Matching contributions. Comcast helps your contributions grow by matching your 401(k)contributions.
Convenience. Your contributions are automatically deducted regularly from your paycheck.
Tax-deferred savings opportunities. You pay no taxes on any earnings until you withdraw themfrom your account, enabling you to keep more of your money working for you now.
Tax savings now. Your pretax contributions are deducted from your pay before income taxes aretaken out. This means that you can actually lower the amount of current income taxes withheld eachperiod. It could mean more money in your take-home pay versus saving money in ataxable account.
Portability. You can roll over eligible savings from a previous employer into this Plan. You can alsotake your vested account balance with you if you leave the company.
Automatic annual increases. Save a little more each year, the easy way — the Annual IncreaseProgram automatically increases your contribution rate by 1% each year up to 10% of your pretaxeligible earnings.
Investment options. You have the flexibility to select from investment options that range from moreconservative to more aggressive, making it easy for you to develop a well-diversified investmentportfolio. Your contributions will be invested in the age-based Vanguard Target Retirement TrustSelect funds if you do not make an investment election.
Online beneficiary. With Fidelity’s Online Beneficiaries Service, you can designate yourbeneficiaries, receive instant online confirmation, and check your beneficiary information virtuallyany time.
Employees who are represented by a labor union or Guild may or may not be eligible for anyor all the benefits, plans or programs described in this document. The eligibility of unionrepresented employees for these benefits, plans or programs may be governed by theapplicable collective bargaining agreement(s) and/or subject to collective bargaining.
To learn more about what your plan offers, see “Frequently asked questions about your plan” laterin this guide.
Sincerely,
Comcast Global Benefits Department
Participate in your plan and invest in yourself today.
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Frequently asked questions about your plan.Here are answers to questions you may have about the key features, benefits, and rules of your plan.
Who is eligible to enroll in the Plan?
You are eligible to enroll in the Plan if you are:
● A regular, full-time or part-time employee ofComcast or another participating companywho has completed 90 days of service; or
● A temporary employee of Comcast oranother participating company who hascompleted 1,000 hours of service during thetwelve (12) month period that commenceson your hire date or during any calendaryear that commences after your hire date.
When can I enroll in the Plan?
Newly eligible employees:
If you are a newly hired employee, you willbe automatically enrolled in the Plan at acontribution rate of 3% of your pretaxeligible earnings and your contributions willbe invested in the age-based VanguardTarget Retirement Trust Select funds. Thiswill become effective the first pay period ofthe month after your eligibility date.Remember to designate a beneficiary if youare auto enrolled.
The Plan also offers an Annual IncreaseProgram, where, if you remain automaticallyenrolled at 3%, your contributions willincrease by 1% each year up to a maximumof 10% unless you take action.
When can I enroll/make changes myselfprior to my eligibility date?
You can select a different contribution rate,change your contribution rate to zero, ormake investment selections beginning 30days prior to your eligibility date.
Previously eligible employees:
If you have previously met the eligibilityrequirement, but decided not to participatethe plan, you are still eligible to enrollimmediately. Rehired employees who returnto active service within 75 days of theirtermination date will be automaticallyreenrolled in the Plan at the same deferralpercentage that they had in effect whenthey terminated employment with Comcast.An employee who is rehired more than 75days following his or her employmenttermination date will be treated as a newemployee and automatically reenrolled inthe Plan with a 3% deferral percentage.
How do I enroll in the Plan?
Log on to Fidelity NetBenefits® atwww.401k.com to enroll and to designate abeneficiary for your account. Alternatively,you may call the Comcast RetirementService Center at 877 88CMCSA(877 882-6272).
What is the Roth contribution option?
A Roth contribution to your retirementsavings plan allows you to make after-taxcontributions and take any associatedearnings completely tax free at retirement -as long as the distribution is a qualified one.A qualified distribution, in this case, is onethat is taken at least 5 tax years after yourfirst Roth 401(k) contribution and after youhave attained age 59½, or become disabledor die.
Through automatic payroll deduction youcan contribute between 1% and 50% of youreligible pay as designated Roth
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contributions, up to the annual IRS dollarlimits.
For more information please log on toNetBenefits® at www.401k.com and select"Library" from the home page.
How much can I contribute?
You may contribute from 1% to 50% of youreligible pay on a pretax basis and/or Rothaftertax basis, up to the annual IRS dollarlimits. Contributions may be made in 0.5%increments and are automatically deductedfrom your paycheck. Eligible pay is definedas your total pay plus bonuses andcommissions, excluding expensereimbursements, the value of fringebenefits, Flex day payouts, movingexpenses, deferred compensation or similaritems paid while you are an active employeeor, under certain circumstances, within 75days of your termination, up to the IRSmaximum compensation limits. Severancepay is not considered eligible plancompensation. In addition, an accountadministrative recordkeeping fee of $27.00per year will be deducted quarterly fromyour 401(k) account and trust and custodyfees for the Comcast Stock funds will beassessed against balances in the ComcastStock funds, if applicable.
Can I change the amount I contribute tothe Plan?
You may increase or decrease thepercentage that you contribute to the Planat any time by logging on to FidelityNetBenefits® at www.401k.com or calling theComcast Retirement Service Center. Thechange will be effective with your nextavailable pay period.
What is the IRS contribution limit?
The IRS contribution limit for 2017 is$18,000.
Does the Company contribute to myaccount?
Comcast Corporation helps your retirementsavings grow by matching your
contributions. Comcast will match 100% ofeach dollar you contribute, on the first 4.5%of pay that you defer to your Plan up toannual IRS limits. Company match is cappedat $10,000 for certain highly compensatedemployees.
What is the Savings Starter Contribution?
The Savings Starter contribution is intendedto help you build your retirement savings.Each year, Comcast may make an additionaldiscretionary contribution for eligibleemployees, up to IRS limits. If you areeligible, your Savings Starter contributionwill be posted to your account in the firstquarter of year following the year in which itis earned. This is not dependent on yourparticipation in the plan. To receive theSavings Starter, you must be employed byComcast on December 31 of the year towhich the contribution relates. This extracontribution will be invested based on yourcurrent investment election. For additionalinformation, including the eligibilityrequirements, please refer to the SummaryPlan Description (SPD) available online atwww.401k.com.
How do I designate my beneficiary?
If you have not already selected yourbeneficiaries, or if you have experienced alife-changing event such as a marriage,divorce, birth of a child, or a death in thefamily, it’s time to consider your beneficiarydesignations. Fidelity’s Online BeneficiariesService, available through FidelityNetBenefits®, offers a straightforward,convenient process that takes just minutes.Simply log on to NetBenefits® atwww.401k.com and click on the "Profile"link, then select "Beneficiaries" and followthe online instructions. If you do not haveaccess to the internet or prefer to completeyour beneficiary information by paper form,the form is available by calling the ComcastRetirement Service Center at 877 88CMCSA(877 882-6272).
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What are my investment options?
The Plan offers many investment optionsacross a wide spectrum of potential risk andreward. The investment lineup featurestarget date retirement investment options,actively managed investment options, andindexed options for your selection. Theinvestment election you specify for yourcontributions is also used to invest thematching contributions made by theCompany.
What are the single fund solution optionsin my plan?
If the idea of getting professional helps tomanage your investments appeals to you,your plan offers Target Date Funds. WithTarget Date Funds, the investment mix ofstocks and bonds automatically becomesmore conservative as the target retirementdate approaches. Principal invested is notguaranteed at any time, including at or afterthe fund’s target date. Choose the fund thatrepresents your anticipated year ofretirement.
What are the managed account options inmy plan?
Financial Engines
Your plan offers you independent, objectiveinvestment advice and management fromFinancial Engines Advisors L.L.C., a federallyregistered investment adviser. For moreinformation, log on to www.401k.com or call1-877-401-5762.
Online Advice
For employees who are actively managingtheir accounts, your plan offers the OnlineAdvice service. This easy-to-use Web siteoffers objective, professional advice to helpyou refine your investment strategy. OnlineAdvice is available at no additional cost. Youcan log in for a personalized forecast and astep-by-step action plan with specific fundrecommendations.
Professional Management
For employees who prefer to partner with anexpert, the plan offers the ProfessionalManagement program. When you enroll, theFinancial Engines financial research teamresearches and analyzes the optionsavailable in your plan to create a customizedinvestment strategy. Financial Enginesmonitors your portfolio on an ongoing basis,making adjustments as needed to help keepyour portfolio properly diversified and ontrack.
Advisory services, including Online Adviceand Professional Management, are providedonly by Financial Engines Advisors L.L.C., afederally registered investment adviser andwholly owned subsidiary of FinancialEngines, Inc. Financial Engines is notaffiliated with Fidelity Investments or itsaffiliates. Financial Engines does notguarantee future results. Advisory servicesmay include a fee. For specific feeinformation, please refer to theapplicable terms and conditions.
What "catch-up" contribution can I make?
If you have reached age 50 or will reach 50during the calendar year January 1 –December 31 and are making the maximumplan or IRS pretax contribution, you maymake an additional “catch-up” contributioneach pay period. The maximum annualcatch-up contribution is $6,000. Goingforward, catch-up contribution limits will besubject to cost of living adjustments(COLAs) in $500 increments.
The Company does not match your catch-upcontributions. You make catch-upcontributions through payroll deduction, thesame way you make regular contributions.You can make catchup contributions of up to30% of your eligible pay.
When am I vested?
You are immediately 100% vested in yourcontributions to the Plan, as well as in any ofComcast Corporation’s matchingcontributions.
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If you have less than six years of service, theSavings Starter contribution becomesvested as follows:
Completed Years of Service Percent 2 years 20% 3 years 40% 4 years 60% 5 years 80% 6 years 100%
Can I take a loan from my account?
Although your Retirement-Investment Planaccount is intended for retirement, you maytake a general purpose loan (maximum termis 5 years) from your account for any reason.The Plan also offers a primary residence loanfor qualifying circumstances (maximum termis 30 years). Generally, the Retirement-Investment Plan allows you to borrow up to50% of your vested account balance. Theminimum loan amount is $500 and must betaken in $100 increments. Loans must notexceed $50,000. You then pay the moneyback into your account, with interest,through after-tax payroll deductions. If youhad an outstanding loan balance over theprevious 12 months, it may reduce theamount you have available to borrowcurrently. New loans will incur a $50 initiationfee, which will be deducted from your Planaccount balance. You may only have oneloan outstanding at a time, and must wait 15days after paying off one loan beforerequesting a new one. If you fail to repayyour loan (based on the original terms of theloan), it will be considered in "default" andtreated as a distribution, making it subject toincome tax and possibly to a 10% earlywithdrawal penalty. Defaulted loans mayalso affect your eligibility to requestadditional loans. Be sure you understand thePlan guidelines and impact of taking a loanbefore you initiate a loan from your planaccount.
Can I make withdrawals from my accountwhile I’m employed?
As an active employee, withdrawals from thePlan are available only in limitedcircumstances. You may take a withdrawalfrom your account without penalty uponreaching age 59½. Any after-tax monies inthe Plan, as well as some rollover and priorCompany matching contributions, may bewithdrawn in accordance with Planprovisions. Contact Fidelity or read yourSummary Plan Description to determine ifyou qualify. The Plan also allows hardshipwithdrawals for qualifying circumstances:
• To cover unreimbursable medicalexpenses, for you or your eligibledependents
• To purchase a primary residence; excludesmortgage payments
• To pay for tuition, room and board forposthigh school education for you, yourspouse, or your dependents
• To prevent eviction from or mortgageforeclosure on a primary residence
• Payments for burial or funeral expenses forthe employee’s deceased parent, spouse,children or dependents
• Expenses for the repair of damage to theemployee’s principal residence that wouldqualify for the casualty deduction underCode 165.
Remember that withdrawals are subject toincome taxes and possibly to earlywithdrawal penalties. If you withdraw yourpretax contributions from the Plan, you mustbe suspended from contributing for sixmonths per IRS regulation. Your rate willrestart after the six month suspensionperiod.
Can I change the investment of thebalances in my account?
On a daily basis, you may transfer yourexisting account balances from oneinvestment option to another in one-percent
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increments. Call the Comcast RetirementService Center at 877 88CMCSA(877 882-6272) or log on to FidelityNetBenefits® at www.401k.com.
Note: Some of the Plan’s investment optionsplace restrictions on or charge fees oninvestments bought and sold within certaintime frames. See the Investment Optiondescriptions in the guide or each mutualfund’s prospectus for more details.
Can I move money from anotherretirement plan into my account in theComcast Corporation Retirement-Investment Plan?
You are permitted to roll over eligible pretaxcontributions from another 401(k) plan, Roth401(k) Plan, 401(a) plan, 403(b) plan or agovernmental 457(b) retirement planaccount or eligible pretax contributions fromconduit individual retirement accounts(IRAs). A conduit IRA is one that containsonly money rolled over from an employer-sponsored retirement plan that has not beenmixed with regular IRA contributions. Callthe Comcast Retirement Service Center at877 88CMCSA (877 882-6272) or log on toFidelity NetBenefits® at www.401k.com fordetails. You should consult your tax adviserand carefully consider the impact of makinga rollover contribution to your employer’splan because it could affect your eligibilityfor future special tax treatments.
You can also roll over eligible after-taxcontributions from a 401(a) or 403(a)account.
Be sure to consider all your availableoptions and the applicable fees andfeatures of each before moving yourretirement assets.
Where can I find information aboutexchanges and other plan features?
You can learn about exchanges, withdrawalsand more, online through FidelityNetBenefits® at www.401k.com. In particular,you can access a withdrawal modeling tool,
which shows the amount of federal incometaxes and early withdrawal penalties youmight pay, along with the amount ofearnings you could potentially lose by takinga withdrawal. You can also obtain moreinformation about exchanges, withdrawals,and other plan features, by calling theComcast Retirement Service Center at 87788CMCSA (877 882-6272) to speak with arepresentative or use the automated voiceresponse system, virtually 24 hours, 7 days aweek.
What happens if I leave the Company?
If you leave the Company for any reason,you are eligible to withdraw your moneyfrom the Plan 30 days after your termination.(Note: If you have an outstanding loan anddo not withdraw your money, you cancontinue to make loan repayments. Contactthe Comcast Retirement Service Center at877 88CMCSA (877 882-6272) regardingrepayment arrangements.) Depending onthe vested value of your account, you havedifferent options for distribution of youraccount.
• Vested balances of $5,000 or less. If yourvested account balance is $5,000 or less, youmay elect a lump sum distribution of youraccount, a direct rollover to anotheremployer’s plan, an IRA, or a combination ofthe two. In the absence of an election byyou, accounts under $1,000 will generally bepaid out as a lump sum. If your vestedaccount balance is between $1,000 and$5,000 and you do not make a distributionelection, your account will be liquidated andtransferred to a Fidelity IRA in your name.Your rollover proceeds will be invested inthe Fidelity ® Government Cash Reserves,ticker FDRRX, an investment optiondesigned to preserve principal and providea reasonable rate of return and liquidity.Upon distribution from the IRA, a $50distribution fee will apply. You could losemoney by investing in a money market fund.Although the fund seeks to preserve the
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value of your investment at $1.00 per share,it cannot guarantee it will do so.
You could lose money by investing in amoney market fund. Although the fundseeks to preserve the value of yourinvestment at $1.00 per share, it cannotguarantee it will do so. An investment inthe fund is not insured or guaranteed bythe Federal Deposit InsuranceCorporation or any other governmentagency. Fidelity Investments and itsaffiliates, the fund’s sponsor, have nolegal obligation to provide financialsupport to money market funds and youshould not expect that the sponsor willprovide financial support to the fund atany time.
Fidelity’s government and U.S. Treasurymoney market funds will not impose a feeupon the sale of your shares, nor temporarilysuspend your ability to sell shares if thefund’s weekly liquid assets fall below 30% ofits total assets because of market conditionsor other factors.
• Vested balances greater than $5,000. Inaddition to the options listed above, if yourvested account balance is greater than$5,000, you may defer distribution of youraccount until you reach age 70½, or requestdistribution of your account in installments,either annually, monthly or quarterly.
Upon distribution, the taxable portion ofyour withdrawal that is eligible for rolloverinto an individual retirement account (IRA) oranother employer’s retirement plan issubject to 20% mandatory federal incometax withholding, unless it is rolled overdirectly to an IRA or another employer plan.Your actual tax bill may be more or lessdepending on your personal tax situation. Ifyou are under age 59½, the taxable portionof your withdrawal is also subject to a 10%early withdrawal penalty, unless you qualifyfor an exception to this rule. To learn moreabout and/or request a distribution, log onto Fidelity NetBenefits® at www.401k.com or
call the Comcast Retirement Service Centerat 877 88CMCSA (877 882-6272).
If you elect to receive a distribution for anamount less than 100% of your balance asin-service withdrawal or as a post-employment termination distribution, youmay designate the contribution sourcesfrom which such in-service withdrawal orpost-employment termination distributionwill be made. This is only available by callingthe Comcast Retirement Service Center at877-88CMCSA (877-882-6272).
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Investment OptionsHere is a list of investment options for Comcast Corporation Retirement-Investment Plan. For up-to-date performance information and other fundspecifics, go to www.401k.com.
Tier 1: Target Date Funds
Placement of investment options within each risk spectrum is only in relation to the investment options within that specific spectrum. Placement does not reflect risk relative to the investmentoptions shown in the other risk spectrums.
ptions to the left have potentiallymore inflation risk and less investment risk
ptions to the right have potentially less inflation risk and more investment risk
LLifecycle Funds
Investment o Investment o
Vanguard Target Retirement Income
Trust Select
Vanguard Target Retirement 2015 Trust
Select
Vanguard Target Retirement 2020 Trust
Select
Vanguard Target Retirement 2025 Trust
Select
Vanguard Target Retirement 2030 Trust
Select
Vanguard Target Retirement 2035 Trust
Select
Vanguard Target Retirement 2040 Trust
Select
Vanguard Target Retirement 2045 Trust
Select
Vanguard Target Retirement 2050 Trust
Select
Vanguard Target Retirement 2055 Trust
Select
Vanguard Target Retirement 2060 Trust
Select
Vanguard Target Retirement 2065 Trust
Select
Target date investments are generally designed for investors expecting to retire around the year indicated in each investment‘sname. The investments are managed to gradually become more conservative over time. The investment risks of each target dateinvestment change over time as its asset allocation changes. They are subject to the volatility of the financial markets, includingequity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, smallcap and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.
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The chart below lists the assigned fund Comcast Corporation Retirement-Investment Plan believeswill best fit your diversification needs should you not select an investment option.
Your Birth Date* Fund Name Target Retirement Years
Before 1948 Vanguard Target Retirement Income Trust
Select
Retired before 2013
January 1, 1948 - December 31, 1952 Vanguard Target Retirement 2015 Trust Select Target Years 2013 - 2017
January 1, 1953 - December 31, 1957 Vanguard Target Retirement 2020 Trust Select Target Years 2018 - 2022
January 1, 1958 - December 31, 1962 Vanguard Target Retirement 2025 Trust Select Target Years 2023 - 2027
January 1, 1963 - December 31, 1967 Vanguard Target Retirement 2030 Trust Select Target Years 2028 - 2032
January 1, 1968 - December 31, 1972 Vanguard Target Retirement 2035 Trust Select Target Years 2033 - 2037
January 1, 1973 - December 31, 1977 Vanguard Target Retirement 2040 Trust Select Target Years 2038 - 2042
January 1, 1978 - December 31, 1982 Vanguard Target Retirement 2045 Trust Select Target Years 2043 - 2047
January 1, 1983 - December 31, 1987 Vanguard Target Retirement 2050 Trust Select Target Years 2048 - 2052
January 1, 1988 - December 31, 1992 Vanguard Target Retirement 2055 Trust Select Target Years 2053 - 2057
January 1, 1993 - December 31, 1997 Vanguard Target Retirement 2060 Trust Select Target Years 2058 - 2062
January 1, 1998 and later* Vanguard Target Retirement 2065 Trust Select Target Years 2063 and beyond
*Dates selected by Plan Sponsor
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Tier 2: Passively Managed Index Options
ft have potentially more inflation risk and less investment risk less inflation risk and more investment risk
CCONSEERVVATIIVE AGGRESSIVE
Investment options to the le Investment options to the right have potentially
BOND STOCKS
Bond Domestic Equities International/Global
Diversified
Mellon Capital® Management EB DL LiquidityAggregate Bond Index Fund
Large Blend
Fidelity® 500 Index Fund - Institutional PremiumClass
Small Blend
Vanguard Small-Cap Index Fund InstitutionalPlus Shares
Diversified
Fidelity® Global ex U.S. Index Fund -Institutional Premium Class
This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of thegeneral investment categories of the investment options and not on the actual security holdings, which can change frequently.Investment options in the Domestic Equity category are based on the options’ Morningstar categories as of 08/31/2017.Morningstar categories are based on a fund’s style as measured by its underlying portfolio holdings over the past three years andmay change at any time. These style calculations do not represent the investment options’ objectives and do not predict theinvestment options’ future styles. Investment options are listed in alphabetical order within each investment category. Riskassociated with the investment options can vary significantly within each particular investment category, and the relative risk ofcategories may change under certain economic conditions. For a more complete discussion of risk associated with the mutual fundoptions, please read the prospectuses before making your investment decision. The spectrum does not represent actual or impliedperformance.
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tions Tier 3: Actively Managed Options
ft have potentially more inflation risk and less investment risk less inflation risk and more investment risk
CCONSEERVVATIIVE AGGRESSIVE
Investment options to the le Investment options to the right have potentially
SHORT-TERMINVESTMENT BOND STOCKS
Stable Value Bond Domestic Equities International/Global
Comcast Stable Value Fund International / Global
Global Fixed Income Fund
Large Blend
Large Cap Stock Fund
Small Growth
Small/Mid Cap Stock Fund
Diversified
International Fund
This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of thegeneral investment categories of the investment options and not on the actual security holdings, which can change frequently.Investment options in the Domestic Equity category are based on the options’ Morningstar categories as of 08/31/2017.Morningstar categories are based on a fund’s style as measured by its underlying portfolio holdings over the past three years andmay change at any time. These style calculations do not represent the investment options’ objectives and do not predict theinvestment options’ future styles. Investment options are listed in alphabetical order within each investment category. Riskassociated with the investment options can vary significantly within each particular investment category, and the relative risk ofcategories may change under certain economic conditions. For a more complete discussion of risk associated with the mutual fundoptions, please read the prospectuses before making your investment decision. The spectrum does not represent actual or impliedperformance.
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Investment OptionsBefore investing in any mutual fund, consider the investment objectives,risks, charges, and expenses. Contact Fidelity for a mutual fundprospectus or, if available, a summary prospectus containing thisinformation. Read it carefully.
Vanguard Target Retirement 2015 Trust Select
VRS Code: 65192
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2015 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2015, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option intended for people in or very near retirement and who is willing to accept the
volatility of diversified investments in the market.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
Vanguard Target Retirement 2020 Trust Select
VRS Code: 65193
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2020 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2020, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
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Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
Vanguard Target Retirement 2025 Trust Select
VRS Code: 65194
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2025 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2025, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
Vanguard Target Retirement 2030 Trust Select
VRS Code: 65195
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2030 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2030, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
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Vanguard Target Retirement 2035 Trust Select
VRS Code: 65196
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2035 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2035, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
Vanguard Target Retirement 2040 Trust Select
VRS Code: 65197
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2040 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2040, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
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Vanguard Target Retirement 2045 Trust Select
VRS Code: 65198
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2045 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2045, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
Vanguard Target Retirement 2050 Trust Select
VRS Code: 65199
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2050 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2050, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
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Vanguard Target Retirement 2055 Trust Select
VRS Code: 65200
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2055 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2055, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
Vanguard Target Retirement 2060 Trust Select
VRS Code: 65201
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2060 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2060, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Select. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
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Vanguard Target Retirement 2065 Trust Select
VRS Code: 39571
Fund Objective: Seeks to provide capital appreciation and current income consistent with its current asset allocation.
Fund Strategy: The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planningto retire and leave the workforce in or within a few years of 2065 (the target year). The trust’s asset allocation will become moreconservative over time. Within seven years after 2065, the trust’s asset allocation should resemble that of the Target RetirementIncome Trust Plus. Unit price and return will vary.
Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to
accept the volatility of the markets.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
Vanguard Target Retirement Income Trust Select
VRS Code: 65190
Fund Objective: Seeks to provide current income and some capital appreciation.
Fund Strategy: The trust invests in Vanguard mutual funds according to an asset allocation strategy designed for investorscurrently in retirement. Unit price and return will vary.
Fund Risk: The fund is subject to the volatility of the financial markets, including that of equity and fixed income investments.Fixed income investments carry issuer default and credit risk, inflation risk, and interest rate risk. (As interest rates rise, bondprices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Principal invested is notguaranteed at any time, including at or after retirement. Additional risk information for this product may be found in theprospectus or other product materials, if available.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking an investment option intended for people in retirement and who is willing to accept the volatility of
diversified investments in the market.
● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option and lookingprimarily for the potential for income and, secondarily, for share-price appreciation.
Footnotes:● The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to
provide a brief overview of the fund.
● This investment option is not a mutual fund.
Fidelity® 500 Index Fund - Institutional Premium Class
VRS Code: 02328
Fund Objective: Seeks to provide investment results that correspond to the total return (i.e., the combination of capitalchanges and income) performance of common stocks publicly traded in the United States.
Fund Strategy: Normally investing at least 80% of assets in common stocks included in the S&P 500 Index, which broadlyrepresents the performance of common stocks publicly traded in the United States.
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Fund Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, or economic developments.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income.
● Someone who is seeking both growth- and value-style investments and who is willing to accept the volatility associated withinvesting in the stock market.
Footnotes:● This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed
information about the fund.
● The S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, andindustry group representation to represent U.S. equity performance.
● Returns prior to May 4, 2011 are those of the Premium Class and reflect the Premium Class’ expense ratio. Had theInstitutional Premium Class’ expense ratio been reflected, total returns would have been higher.
Fidelity® Global ex U.S. Index Fund - Institutional Premium Class
VRS Code: 02348
Fund Objective: The fund seeks to provide investment results that correspond to the total return of foreign developed andemerging stock markets.
Fund Strategy: Normally investing at least 80% of assets in securities included in the MSCI ACWI (All Country World Index) exUSA Index and in depository receipts representing securities included in the index. Using statistical sampling techniques basedon such factors as capitalization, industry exposures, dividend yield, price/earnings ratio, price/book ratio, earnings growth,country weightings, and the effect of foreign taxes to attempt to replicate the returns of the MSCI ACWI ex USA Index.Lending securities to earn income for the fund.
Fund Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate,economic, and political risks, all of which are magnified in emerging markets.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking to complement a portfolio of domestic investments with international investments, which can
behave differently.
● Someone who is willing to accept the higher degree of risk associated with investing overseas.
Footnotes:● This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed
information about the fund.
● The MSCI All Country World Ex-US Index is a recognized benchmark of non-U.S. stock markets. It is an unmanaged marketvalue-weighted index composed of a sample of companies representative of the market structure of 49 countries andincludes reinvestment of all dividends. The MSCI AC World Ex-US Index, when including or excluding securities, takes intoaccount any limitations that an international investor would experience when investing directly in such securities. The indexcontains both developed and emerging market securities.
Mellon Capital® Management EB DL Liquidity Aggregate Bond Index Fund
VRS Code: 85521
Fund Objective: Seeks to track the performance of the Bloomberg Barclays U.S. Aggregate Index.
Fund Strategy: The fund is managed to closely replicate the risk and return characteristics of its benchmark index andprimarily invests in a representative portfolio of securities from each industry, quality, and duration sector of the BloombergBarclays U.S. Aggregate Index. This fund may participate in securities lending. Unit price, yield and return will vary.
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Fund Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise,bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed incomesecurities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, mostbond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is notpossible.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share
price.
● Someone who is seeking to diversify an equity portfolio with a more conservative investment option.
Footnotes:● The investment option is a unitized collective investment trust managed by Mellon Capital ® Management. This description
is only intended to provide a brief overview of the fund.
● The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged market value-weighted index for U.S. dollardenominated investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year.
● Mellon Capital® Management provided the description for this portfolio.
● This investment option is not a mutual fund.
Vanguard Small-Cap Index Fund Institutional Plus Shares
VRS Code: 78203
Fund Objective: The investment seeks to track the performance of a benchmark index that measures the investment return ofsmall-capitalization stocks.
Fund Strategy: The fund employs an indexing investment approach designed to track the performance of the CRSP US SmallCap Index, a broadly diversified index of stocks of small U.S. companies. The advisor attempts to replicate the target index byinvesting all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately thesame proportion as its weighting in the index.
Fund Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Valueand growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks cancontinue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly inresponse to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified inforeign markets. Additional risk information for this product may be found in the prospectus or other product materials, ifavailable.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income.
● Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatilityof investments in smaller companies.
Footnotes:● This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed
information about the fund.
● The CRSP US Small Cap Index includes U.S. companies that fall between the bottom 2%-15% of the investable marketcapitalization. There is no lower limit in market capitalization, other than what is specified by investability screens.
● The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actualinception of 12/17/2010. These calculated returns reflect the historical performance of the oldest share class of the fund, withan inception date of 10/03/1960, adjusted to reflect the fees and expenses of this share class (when this share class’s fees andexpenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjustedhistorical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied byother entities, including the fund itself.
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Comcast Stable Value Fund
VRS Code: 46291
Fund Objective: The fund seeks to preserve your principal investment while earning a level of interest income that isconsistent with principal preservation. The fund seeks to maintain a stable net asset value (NAV) of $1 per share, but it cannotguarantee that it will be able to do so. The yield of the fund will fluctuate.
Fund Strategy: The fund invests in benefit-responsive investment contracts issued by insurance companies and other financialinstitutions ("Contracts"), fixed income securities, and money market funds. Under the terms of the Contracts, the assets of thefund are invested in fixed income securities (which may include, but are not limited to, U.S. Treasury and agency bonds,corporate bonds, mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, and collectiveinvestment vehicles and shares of investment companies that invest primarily in fixed income securities) and shares of moneymarket funds. At the time of purchase, all Contracts and securities purchased for the fund must satisfy the credit qualitystandards specified in the fund’s investment guidelines.
Fund Risk: The Contracts and securities purchased for the fund are backed solely by the financial resources of the issuers ofsuch Contracts and securities and are subject to the creditworthiness of the issuer. An investment in the fund is not insured orguaranteed by the manager(s), the plan sponsor, the trustee, the FDIC, or any other government agency. The Contractspurchased by the fund permit the fund to account for the fixed income securities at book value (principal plus interest accruedto date). Through the use of book value accounting, there is no immediate recognition of investment gains and losses on thefund’s securities. Instead, gains and losses are recognized over time by periodically adjusting the interest rate credited to thefund under the Contracts. However, while the fund seeks to preserve your principal investment, it is possible to lose money byinvesting in this fund. The Contracts provide for the payment of certain withdrawals and exchanges at book value during theterms of the Contracts. In order to maintain the Contract issuers’ promise to pay such withdrawals and exchanges at bookvalue, the Contracts subject the fund and its participants to certain restrictions. For example, withdrawals prompted by certainevents (e.g., layoffs, early retirement windows, spin-offs, sale of a division, facility closings, plan terminations, partial planterminations, changes in laws or regulations) may be paid at the market value of the fund’s securities, which may be less thanyour book value balance.Certain investment options offered by your plan (e.g., money market funds, short term bond funds, certain asset allocation/lifecycle funds and brokerage window) may be deemed by the Contract issuers to "compete" with this fund. The terms of theContracts prohibit you from making a direct exchange from this fund to such competing funds. Instead, you must firstexchange to a non-competing fund for 90 days. While these requirements may seem restrictive, they are imposed by theContract issuers as a condition for the issuer’s promise to pay certain withdrawals and exchanges at book value.
Fund short term trading fees: None
Who may want to invest:● Someone who seeks a slightly higher yield over the long term than is offered by money market funds, but who is willing to
accept slightly more investment risk.
● Someone who is interested in balancing an aggressive portfolio with an investment that seeks to provide stability of price.
Footnotes:● The investment option is a stable value fund. It is managed by Fidelity Management Trust Company. This description is only
intended to provide a brief overview of the fund.
● This investment option is not a mutual fund.
Global Fixed Income Fund
VRS Code: 14265
Fund Objective: The investment seeks maximum total return, consistent with preservation of capital and prudent investmentmanagement.
Fund Strategy: Normally investing in a diversified portfolio of global fixed income instruments of varying maturities.
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Fund Risk: In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise,bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed incomesecurities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, mostbond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is notpossible.Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which may bemagnified in emerging markets. The fund may invest in lower-quality debt securities that involve greater risk of default orprice changes due to potential changes in the credit quality of the issuer. Additional risk information for this product may befound in the prospectus or other product materials, if available.
Fund short term trading fees: None
Who may want to invest:● Someone who seeks potential returns primarily derived from movements in the price of a diversified portfolio of global
bonds.
● Someone who seeks to complement his or her portfolio with global bond investments and who can tolerate the additionalrisks associated with foreign investments.
Footnotes:● The investment option is a custom strategy fund. It is managed by Lazard Asset Management, LLC, Loomis Sayles Trust
Company, LLC, and Schroder Investment Management. This description is only intended to provide a brief overview of thefund.
● This investment option is not a mutual fund.
International Fund
VRS Code: 13644
Fund Objective: Seeks capital growth.
Fund Strategy: The fund normally invests in non-U.S. equity securities. It is managed by Invesco Trust Company, PolarisCapital Management, LLC, and Black Creek Investment Management, Inc.
Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Value and growth stocks can perform differently from other types of stocks. Growthstocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stockmarkets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking to complement a portfolio of domestic investments with international investments, which can
behave differently.
● Someone who is willing to accept additional risks associated with investing overseas.
Footnotes:● The investment option is a custom strategy fund. This description is only intended to provide a brief overview of the fund.
● The fund managers may change over time, so while the managers listed represent the current fund managers, historicalperformance may be a blend of both current and historical manager performance.
● This investment option is not a mutual fund.
Large Cap Stock Fund
VRS Code: 13642
Fund Objective: The investment seeks long-term capital appreciation.
Fund Strategy: The fund normally invests in equity and equity-related securities of U.S. companies with market capitalizationsat the time of initial purchase within the range of those in the Russell 1000 Index ("large cap companies"), generally over $12billion that are publicly traded on a U.S. securities market. The fund seeks to develop a diversified portfolio focused on thecapital appreciation of the underlying securities. While most of the Fund’s assets will be invested in domestic common stock,the Fund may also invest in U.S. traded large cap and mid cap securities issued by companies organized outside the UnitedStates including American Depositary Receipts. The investment option is a custom strategy fund comprised of the followingunderlying managers: Cramer Rosenthal McGlynn, Jackson Square Partners and Sound Shore Management. This investmentoption is not a mutual fund.
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Fund Risk: Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile.Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and candecline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risksmay be magnified in foreign markets.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income.
● Someone who is seeking both growth- and value-style investments and who is willing to accept the volatility associated withinvesting in the stock market.
Footnotes:● The investment option is a custom strategy fund. This description is only intended to provide a brief overview of the fund.
● The Russell 1000® Index is an unmanaged market capitalization-weighted index measuring the performance of the 1,000largest companies in the Russell 3000® Index and is an appropriate index for broad-based large-cap funds.
● The fund managers may change over time, so while the managers listed represent the current fund managers, historicalperformance may be a blend of both current and historical manager performance.
● This investment option is not a mutual fund.
Small/Mid Cap Stock Fund
VRS Code: 13643
Fund Objective: The investment seeks long-term capital appreciation.
Fund Strategy: The fund normally invests in equity and equity related securities of U.S. companies with market capitalizationsat the time of initial purchase within the range of those in the Russell 2500 Index ("small/mid cap companies"), generally lessthan $12 billion that are publicly traded on a U.S. securities market. The fund seeks to develop a diversified portfolio focusedon the capital appreciation of the underlying securities. While most of the Fund’s assets will be invested in domestic commonstock, the Fund may also invest in U.S. traded small cap and mid cap securities issued by companies organized outside theUnited States including American Depositary Receipts. The investment option is a custom strategy fund comprised of thefollowing underlying managers: Epoch Investment Partners, NWQ InvestmentManagement Co., ArrowMark Partners andMellon Capital Management. This investment option is not a mutual fund.
Fund Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Valueand growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks cancontinue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly inresponse to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified inforeign markets.
Fund short term trading fees: None
Who may want to invest:● Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income.
● Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatilityof investments in smaller companies.
Footnotes:● The investment option is a custom strategy fund. This description is only intended to provide a brief overview of the fund.
● The Russell 2500® Index is an unmanaged market capitalization-weighted index measuring the performance of the 2,500smallest companies in the Russell 3000 Index.
● The fund managers may change over time, so while the managers listed represent the current fund managers, historicalperformance may be a blend of both current and historical manager performance.
● This investment option is not a mutual fund.
21
Ro
th O
ptio
ns A Roth contribution is available to employees who participate in the 401(k) plan. For payroll purposes Roth contributions are treated as after tax. This feature will allow participants to make Roth contributions to their plan while taking their earnings completely tax free at retirement — as long as the withdrawal is a qualified one. A qualified withdrawal is one that can be taken five tax years after the year of the first Roth contribution and after the participant has attained age 59½, has become disabled, or has died.
If you qualify to make traditional 401(k) contributions, you are eligible for a Roth 401(k) contribution.
How does a Roth 401(k) contribution option work?
You elect an amount of your salary that you wish to contribute to the Roth source, just as you would for your traditional 401(k). The contribution is based on your eligible compensation, not on your net pay—for example, if your total annual eligible compensation is $40,000 per year and you elect a 6% deferral amount, then $2,400 per year would go into your Roth 401(k) account.
Unlike your traditional 401(k) pretax contribution, with a Roth 401(k) contribution, you pay the taxes now on the contributions you make—but later your earnings are all tax free, if you meet certain criteria.
Example: Sally earns $40,000 and has elected to put 6% toward her Roth 401(k) contributions and 6% toward her traditional 401(k) pretax contributions on a monthly basis.
ROTH 401(k)* TRADITIONAL 401(k)*
Sally’s monthly contribution into each account
$200 $200
Sally’s reduction in take-home pay
$200 $150
* This hypothetical example is based solely on an assumed federal income tax rate of 25%. No other payroll deductions are taken into account. Your own results will be based on your individual tax situation.
Your combined Roth and traditional pretax 401(k) contributions cannot exceed the IRS limits for the year.
Would a Roth 401(k) contribution option benefit me?
The potential benefits of Roth 401(k) contributions really depend on your personal situation, but are mainly focused on your existing tax rate and your anticipated tax rate at the time of retirement. If you are contributing to a Roth, you are giving up a tax break today for a tax break in the future.
Therefore, a Roth contribution might benefit you if your tax rate in retirement were higher than it had been during the years you contributed.
If your tax rate were lower in retirement, then a traditional 401(k) might be more beneficial to you than the Roth option. Talk with a tax professional for more information on how to determine if Roth 401(k) contributions are right for you.
Is a traditional pretax 401(k) still beneficial?
Yes. For many participants a traditional pretax 401(k) will still be the most beneficial type of retirement savings plan. We do not know what the future holds regarding tax rates. Therefore, it is not possible to predict with certainty which type of 401(k) savings will be most beneficial to a participant.
Remember, because Roth 401(k) contributions are made after tax, you may take home less money in your paycheck than you would if you contributed to a traditional pretax 401(k).
What is the Roth 401(k) Contribution Option?
22
Incoming Rollover Instructions
Plan Name: Plan #: Comcast Corporation Retirement-Investment Plan
28024
Comcast Corporation, Benefits Department
One Comcast Center, 1701 John F. Kennedy Blvd.
Philadelphia, PA 19103
“Rolling over” money into the Comcast Corporation Retirement-
Investment Plan is a three-step process. Please follow these
instructions to ensure that this process is completed in a timely and
accurate manner. Please Note: Failure to follow these instructions
may result in a delay in the processing of your request and may
jeopardize your ability to roll over your distribution.
Step 1. Request your distribution
Request a direct rollover distribution from your previous eligible
retirement plan. See the Rollover Contribution Form for a list of the
types of plans or accounts from which rollovers may be made to
your employer's plan. There are two distribution check
payable options:
Option 1.
1. The check can be made payable to Fidelity Investments
Institutional Operations Company, Inc. (or FIIOC), for the benefit
of (YOUR NAME). The check must be from the distributing
trustee or custodian. (Personal checks are not acceptable.)
Note: This type of distribution avoids automatic income tax
withholding. Also, it avoids the possible 10% early withdrawal
penalty if you are under the age of 59 ½.
Option 2.
2. If the distribution was originally made payable directly to you,
you must send your rollover contribution to Fidelity via a
certified check or money order only for the amount you are
rolling over. (Personal checks are not acceptable.)
Note: If your distribution is initially received as a check made
payable to you, your rollover must be completed within 60 days
of receipt of the distribution. Your previous administrator will
be required to withhold income taxes. As a result, you will not
be able to roll over 100% of your eligible distribution unless you
have extra savings available to make up the amount withheld.
You must also roll over that amount within 60 days of receipt of
your distribution. If you do not make up the amount withheld,
that amount will be considered a withdrawal from the previous
program and the taxable portion will be subject to ordinary
income taxes and possibly a 10% early withdrawal penalty.
Fidelity does not accept wire transfers of funds. You must request a
CHECK from your previous plan or IRA.
The check should be mailed directly to you. Once you have received
the check, please follow the directions in Step 2.
Step 2. Complete your rollover application
Please complete the Incoming Rollover Contribution Form. Please
be sure to complete all items, and sign the form where indicated.
To complete the rollover request you must complete and sign the
following application and include the rollover check. Failing to
properly complete, sign, and include the check will result in your
transaction not being processed and your form and check being
returned to you. This form and any separate documentation
required by your Plan Sponsor will be reviewed through an
automated process. Fidelity will not consider or act upon any
unrequested documentation or any information provided outside
the areas of the form where specific information has
been requested.
Please Note: This rollover contribution will be invested based on
the investment elections you have on file for rollover contributions
to the Plan. If you have not made investment elections for rollover
contributions, this amount will be invested in the Plan-designated
default investment option. If you wish to make investment
elections for your rollover contribution, please do so via
NetBenefits® or by contacting Fidelity Investments prior to
submitting this form.
If you are not sure of the plan type that you are rolling out of,
please contact your previous plan sponsor or IRA custodian for
verification. An incorrect plan type could invalidate your rollover.
Step 3. Mail the information
Mail (1) the Incoming Rollover Contribution Application and (2) the
check in the enclosed preaddressed envelope or mail to:
FIRST CLASS MAIL WITH STAMP:
Fidelity Investments
Client Service Operations
P.O. Box 770003
Cincinnati, OH 45277-0065
Overnight Address:
Fidelity Investments
Client Service Operations (KC1F-L)
100 Crosby Parkway
Covington, KY 41015
Please include all the information requested. Incomplete forms and
the accompanying check will be returned to you and may jeopardize
your ability to roll over your distribution.
Once your contribution is accepted into the Comcast Corporation
Retirement-Investment Plan, you can log on to Fidelity
NetBenefits® at www.401k.com to view your rollover
contribution and investment election(s). Please allow at least seven
business days for processing. If you have any questions about
rollover contributions, call 877 882-6272. Please be sure you have
beneficiary information for the Plan on file.
To establish or change your beneficiary information for Comcast
Corporation Retirement-Investment Plan, please
access www.401k.com.
You should make a copy of the check and the Incoming Contribution
Application for your records.
54954 DC 28024
Plan Name: Plan #:
Incoming Rollover Contribution Application
Section One: Participant Information (please print)
The following section must be completed entirely to ensure that your account is properly set up.
Social Security #:
Hire Date: _____/_____/_____ Birth Date: _____/_____/_____
Participant Name (first, MI, last): _______________________________________________________________________________________
Participant Address: ________________________________________________________________________________________________
City: ____________________________________________________ State: _______________ ZIP: ___________________________
Phone (day): ______________________________________________ Phone (evening): ________________________________________
Enclosed Contribution:
$ . Pretax dollars Roth 403(b) $ .
$ . After-tax dollarsRoth 403(b) contributions
excluding earnings $ .
$ .
After-tax contributions excluding earnings
Date of first Roth 403(b) contribution
$ . Roth 401(k)
$ .
Roth 401(k) contributions excluding earnings
Date of first Roth 401(k) contribution
Section Two: Rollover Contribution Information
Acceptable rollover sources
Comcast Corporation Retirement-Investment Plan
28024
The Plan will accept rollovers of eligible distributions you receive as a participant from the following types of plans: qualified plans (including 401(k) plans); Roth
401(k) accounts; 403(b) plans; Roth 403(b) accounts; 403(a) plans; Roth 403(a) accounts; governmental 457(b) plans; Roth 457(b) accounts; pension plans. After-tax
contributions from 401(a) and 403(a) plans money may also be rolled into this plan.
Additionally, the plan will accept rollovers of taxable amounts from conduit (“rollover”) IRAs.
Please complete this application and return it with your rollover check.
Fidelity Investments Institutional Operations Company, Inc.
Please provide the following information concerning the origin of this rollover: Plan name: ____________________________________
401(k) Plan Governmental 457(b) Plan Conduit IRA (rollover IRA)
401(a) Plan Roth 401(a)/401(k) Plan Nonconduit IRA
403(b) Plan Roth 403(b) Plan
572336.19.0
Unacceptable rollover sources
The Plan cannot accept money from the following sources: rollovers from beneficiaries (other than from a spouse), payments over a life expectancy or a period of
10 or more years, or mandatory age 70½ distributions.
Also, unacceptable are hardship distributions; distributions to a former spouse under a qualified domestic relations order (QDRO); distributions to a beneficiary
(other than a spousal beneficiary); Roth IRAs; Coverdell Education IRAs; nonconduit IRAs (traditional IRAs, Simplified Employee Pension plans (SEP-IRAs) and
“SIMPLE” IRA distributions); a spousal beneficiary; retirement plans of foreign countries.
In-kind distributions of employer stock are not acceptable; therefore, stock must be sold and the proceeds (including any appreciation realized through the date of
distribution) may be rolled over. After-tax contributions from plans other than qualified plans or 403(a) plans may not be rolled over into this Plan.
Section Three: Investment Elections
I direct Fidelity to invest my rollover contribution into my current investment mix applicable to rollover contributions. If I have not selected an investment mix on
my own via NetBenefits® or by telephone, I understand that this rollover contribution will be invested in the Plan's default investment option as directed by
my employer.
To make an investment election or to request a fund prospectus please log on to www.401k.com.
Section Three: Investment Elections Section Four: Participant Certification
I authorize the investment election for this rollover and acknowledge that I have received information detailing my available investment options. I acknowledge
that my rollover contribution will be invested according to the investment election on file at Fidelity. I also acknowledge that if I do not already have investment
elections on file at Fidelity, my rollover contribution will be invested in my plan‘s default investment option.
I certify that this rollover amount is composed ONLY of money from acceptable sources listed under Section Two, and I have completed the information regarding
the source of this money to the best of my knowledge. Also, if the distribution check was made payable to me, I understand that this rollover must be received and
deposited to my account within 60 days of receipt of the distribution. I understand that, once invested, these monies will be subject to the terms that govern the
Comcast Corporation Retirement-Investment Plan.
Signature of Employee Date
Application must be signed, or form and check will be returned to you.
X
For more information about the Comcast Corporation Retirement-Investment Plan, go to www.401k.com.
This information is intended to be educational and is not tailored to the investment needs of any specific investor.
This document provides only a summary of the main features of Comcast Corporation Retirement-Investment Plan and the PlanDocument will govern in the event of discrepancies.
The Plan is intended to be a participant-directed plan as described in Section 404(c) of ERISA, which means that fiduciaries of thePlan are ordinarily relieved of liability for any losses that are the direct and necessary result of investment instructions given by aparticipant or beneficiary.
This document constitutes part of a Plan prospectus covering securities that have been registered under the Securities Act of 1933.
© 2010 - 2017 FMR LLC. All rights reserved.
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